Using a Lease to Sell Your House For The Price You Want In Chicago!

Are you planning on selling your Chicago house? There is a way to sell without listing or selling for less than retail. You can sell your house in Chicago for the price you want! Learn how more and more sellers are using a rent to own agreement to sell their homes!

Who Should Do It?

People who want to sell their house for a specific price

People who don’t want to wait while their house sits on the MLS

Anyone who wants to sell their Chicago house for retail value

Anyone who doesn’t need the full value of the property up front

How It Works

To put it simply, a rent-to-own contract would look something like this: First, you would set the final price you want to be paid for the home. You will most likely find many buyers who will agree to your asking price, in exchange for the opportunity to own a home of their own. From there, we will set a downpayment or deposit to be paid upfront buy the potential buyer. This deposit is non-refundable unless otherwise negotiated. We will set up a monthly payment plan to last over a specific period of time, typically 1-3 years. During this time, the prospective buyer will pay an elevated monthly “rent” payment. A portion of this monthly payment will go toward the final sale price of the home. By allowing them to rent-to-own, the tenant will have the time to save up, repair their credit, or fix whatever was stopping them from qualifying for a loan previously. Once the rental period is up, the remaining balance is owed for the sale to be final. The prospective buyer can pay the balance, or default, leaving you to keep the down payment and any other amount paid toward the purchase of the home.

The Benefits

You will be able to sell to a large group of people who previously weren’t able to purchase your home

You turn your unwanted Chicago house into an income producing asset, providing you capital each month for the next few years

You receive a lump sum payment up front, and a lump sum payment at the end of the rental term

You are able to get retail value for your home

You lock in the sale price from day 1, so even if housing prices fall, you will still get the original price for the home

The tenants are much more likely to maintain the house and take pride in its condition

The Downfalls

There is no guarantee that your potential buyer will qualify for a loan once the rental term ends

You lock in the sale price from day 1, so if housing prices go up, you will still have to sell at the originally agreed upon price

Do you want to sell your house in Chicago? We can help you sell using a rent to own structure! Send us a message with your selling goals or give our team a call now! 773-906-9660

Testimonials

Luxdoor Invest

“Quite often investors are willing to pay cash for a home and with the recent tightening of financial restrictions, coupled with the growing number of complaints about low appraisals, having a cash buyer has become even more appealing.”

Get Your Fair Cash Offer: Start Below!

We buy houses in ANY CONDITION in IL. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call 773-906-9660...

We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer.